In its fiscal 2015 annual report, Hewlett-Packard reported beginning inventory of $6.4 billion, ending inventory of $6.5

Question:

In its fiscal 2015 annual report, Hewlett-Packard reported beginning inventory of $6.4 billion, ending inventory of $6.5 billion on the balance sheet, and cost of goods sold of $53.1 billion on the income statement. Compute the inventory purchases made by Hewlett-Packard during 2015.

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...

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